KUWAIT CITY, Oct 28: The Ministry of Commerce and Industry will organize the Certified Real Estate Appraiser Program C in November 2025, in collaboration with Kuwait Institute of Banking Studies (KIBS). On its official X account, the ministry announced the registration period for two groups -- the first will be from Nov 17-28 and the second will be from Jan 5-16, 2025; indicating that the course will be offered in Arabic and participants should register on the website of the institute kibs.edu.kw The ministry highlighted the program’s value in terms of helping participants understand the fundamentals of the real estate industry; including the concepts, terminology and building systems at the Kuwait Municipality such as building ratios, license types, requirements and regulations, as well as the real estate, real estate markets and real estate ownership types.

It also emphasizes the significance of real estate appraisal, the qualifications of a real estate appraiser and the most well-known techniques in this field. The program helps participants learn the methodology, steps, procedures and sources of the market-based valuation model and cost-based valuation model; and how to prepare real estate valuation reports using market and cost methods. In another development, the ministry called for participation in awareness workshops that will be held under the auspices of the National Committee for Combating Money Laundering and Terrorist Financing via Zoom every Wednesday, starting from Oct 30 at 11:00 am. It pointed out that this campaign is in line with its commitment to raise public awareness and ensure compliance with the standards of the Financial Action Task Force (FATF) for activities covered by anti-money laundering and counter-terrorism regulations.

By Marwa Al-Bahrawi
Al-Seyassah/Arab Times Staff